Data Storage Corp Reports Q3 Revenue Increase Following Strategic Subsidiary Sale and Shift to Core Activities

Data Storage Corporation (DTST) reported a 28% YoY revenue increase to $416,900 in Q3, following the strategic sale of its CloudFirst subsidiary. The move is expected to enhance shareholder value, strengthen its financial foundation, and enable the company to focus on core activities for sustainable growth. With a market capitalization of $29.7 million, DTST operates in the technology sector, specifically in the software industry. The company exhibits strong financial health with a current ratio of 5.5 and a debt-to-equity ratio of 0.03.